A retailer purchases merchandise at 25% below the suggested retail price. If the retailer pays $375 for an item, what is the suggested retail price?
A) $468.75
B) $500.00
C) $525.00
D) $475.00
E) $450.00

Question

Quizplus · Accepted Answer

The retailer buys the item at 75% (100% - 25%) of the suggested retail price. So, if $375 represents 75% of the suggested retail price, to find 100% (the suggested price), you divide $375 by 0.75, which equals $500.

A Retailer Purchases Merchandise at 25% Below the Suggested Retail